Search Results - subject:"Marginal propensity to consume"

How much did the 2009 Australian fiscal stimulus boost demand? : evidence from household-reported spending effects

Leigh, Andrew - In: The B.E. journal of macroeconomics 12 (2012) 1, pp. 1-22

Persistent link: https://www.econbiz.de/10009578774

Theoretical foundations of buffer stock saving

Carroll, Christopher D. - 2004

Buffer-stock versions of the dynamic stochastic optimizing model of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main characteristics of buffer stock models, including the existence of a target level of wealth...

Persistent link: https://www.econbiz.de/10010293477

Precautionary Saving, Borrowing Constraints, and Fiscal Policy

Park, Cheolbeom; Bishop, Thomas - Econometric Society - 2004

Recent empirical studies suggest that the average marginal propensity to consume (MPC) has declined. This paper …

Persistent link: https://www.econbiz.de/10005063766

Does wealth affect consumption? Evidence for Italy

Paiella, Monica - Banca d'Italia - 2004

households are not large scale owners of financial assets, even though their marginal propensity to consume out of financial … propensity to consume out of real assets is very low. The propensity to consume out of financial wealth has tended to diminish as … effects are small, even smaller than financial market effects, despite widespread homeownership, because the marginal …

Persistent link: https://www.econbiz.de/10005770756

The Consumption Response to Income Changes

Jappelli, Tullio; Pistaferri, Luigi - In: Annual Review of Economics 2 (2010) 1, pp. 479-506

also review studies that attempt to estimate the marginal propensity to consume out of income shocks, distinguishing …

Persistent link: https://www.econbiz.de/10009226014

Inequality and Aggregate Savings in the Neoclassical Growth Model

Foellmi, Reto - Department Volkswirtschaftlehre, Universität Bern - 2010

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality when the rich have a higher marginal savings rate than the poor. More unequal societies grow faster in the transition process, and therefore exhibit a higher speed of convergence....

Persistent link: https://www.econbiz.de/10008677249

Estimating marginal propensities to consume in Australia using micro data

Berger-Thomson, Laura; Chung, Elaine; McKibbin, Rebecca - In: The economic record : er 86 (2010), pp. 49-60

Persistent link: https://www.econbiz.de/10008988573

Habits, sentiment and predictable income in the dynamics of aggregate consumption

Sommer, Martin - 2001

This paper explores whether habit formation in the representative agent’s preferences can explain two failures of the standard permanent income model with intertemporally separable utility: the sensitivity of consumption to lagged consumer sentiment and to predictable changes in current income...

Persistent link: https://www.econbiz.de/10010293449

The Consumption Response to Income Changes

Jappelli, Tullio Jappeli; Pistaferri, Luigi - Stanford Institute for Economic Policy Research … - 2009

also review studies that attempt to estimate the marginal propensity to consume out of income shocks, distinguishing …

Persistent link: https://www.econbiz.de/10010878063

Inequality and Aggregate Savings in the Neoclassical Growth Model

Foellmi, Reto - C.E.P.R. Discussion Papers - 2009

Persistent link: https://www.econbiz.de/10008491724